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<br />UNiFORMC4v8NAMIS. Borrower and Lendercovenant and agree as follow s
<br />1. Payment of Principal and Interest; Prepayment and late CIlisrges. Borrower shall prompt h pap w hen due
<br />the principal of and interest on the debt evidenced by the Ni ote and any prepayment and late charges due under the hall
<br />2. Funds for Taxes and Insurance. Subject inapplicable law or to a wniten was by Lender, Borrower shall p ty
<br />•)
<br />to Lender an the day monthly payrixtits are due under the Alotc, until the Aline is paid in full, a will ("Fund: equal tin
<br />one- twelfth of. (a) yearly taunt and assessments which may attain priority over ill ;s Secutty Instrument. ih) pearly
<br />lcatschnTd payments or ground rents on the Property. if any, (c) yearly hazard insurance premiums: and (di }early
<br />tr [)stg>tgeincuraxtce premiums if any. Thew :items are o.:alW " escmw items." lender rosy cstimatr the Funds due nn the
<br />basis ofcurrent data and reasonable estimates of feature escrow items.
<br />which are insured or guaranwed by a federal or
<br />The Funds shall be held in an institution the deposits nr accounts of
<br />state agency (including lender if Lender is such an institulioO Lender shall apply the Funds to pay the e%crciss items.
<br />Lender may not charge for holding and applying the Funds. analyzing the account or verifying the escrow items, unless
<br />Lender pars Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree In writing that interest shall be paid cis the Funds l tiles% an agreement is made or applicable law
<br />require- intern t to be paid, Lender shall not be required to pay Borrower any interest or earnrnet ern the Funds lender
<br />shalt give to Borrower, without charge, an annual accounting of the Funds showing credit% and debit% to the Funds and the
<br />purpose for which each debit to itrr Funds was made The Funds are ptcdgid a% additional %ccunty liir the bums %ecured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Fender, together with the future monthly payments ai Funds parable poor to
<br />the due elates of the (crow ttem %, shall exceed the amount required it, pay the escrow Items when due, the exec %% %hall be.
<br />at Borrowers option, either promptly repaid to Borrower or credited it) Borrower in month),, payment% of Fund% If the
<br />amount of the Funds held by Lender is not sufficient to pay the esctow items when due. Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or mare payments as required M I.endrr.
<br />Upon payment in full of all curs secured by this Security IllstrUIVICT1T. Fender shall promptly refund to Borrt wcr
<br />any Funds held by Lender. If under paragraph I41he Property is %old or acquired by Lender. Lender shall apply, no later
<br />than immediately prior to the %ale of the Property or its acquisition by Lender. any Funds held by Lcnder at the time tit'
<br />application as a crcd it against the sums wcuretd by this Security Instrument
<br />3. Application of Payments. 111110A applicable law provides oiherwt %e, all payments recened by Lender under
<br />paragraphs I and 2 shall be applied: first. to late charges due under the tiara second. to prepayment charges due under the
<br />Note-, third, to amounts payable under paragraph 2; fourth, to interest due. and last. to pnnc•ipal due.
<br />4. Chargra: Liens. Borrower %half pay all taxes, assessments, charge-%, lines. and impositions attributable to the
<br />Property which may attain pnonty over this Security Instrument, and lea%ehold payments or ground rent %, if any
<br />Borrower shall pay these' obligations in the manner pro%Ided in paragraph ' or if nor paid to that manner. Borrower shall
<br />pay them on time directly to the person owed payment Borrower %hall promptly furor %h to Lender all notice% of amount%
<br />to be paid under this paragraph. It Bormwer makes these p yment% directly. Bonower %hall promptly furnish In !.ender
<br />A
<br />reveipis evidencing the payments
<br />Borrower shall promptly discharge any lien which has priority over this Securny ln• oiment unless Harrower: tar
<br />agrees in writing to the payment cif Ibc ob[ig: Iron secured by the lien in a manner ai.ccpti as i -tider, dbh contests to gtTOd
<br />faith the lien by. or defends against enft,rceTTxnt of the lien In, legal procLedings h'hlc' In the Lender s opinion operate to
<br />prevent the enforcement of the hen or forfeiture of any part of the Property or is ,rcures from like holster of the lien an
<br />�a
<br />agreement satisfactory to Lender whxiniinatmg the lien to this Secunty Instrumen, .' !ender deicrrnumts that am part of
<br />the Property is subleet to a lien which may attain prionty over this Security Instru: _end, Lender may gi%e Borrower a
<br />notice• identifying the lien Borrower shall satisfy the hen or take one or more A the actions set forth a bove wtthln l0 days
<br />of tllC glcing of notice
<br />S. Hazard Insurance. Itorrowcr ,hall keep th< impr ... emcnt, now c.m,ring it ccrcatier crcocd on the Propert,.
<br />insured agauist loss by fire. harard%included within the term - extended io%eragr" Arid ally other hdrard% for will: dm I ender
<br />requires insurance T -his insurance shall he malmained to the amount% and for the periods that I ender requires the
<br />insurance LarnCr prodding the insurance shall hc• chose" h% Borrower ,ub)ec1 to I Cndcr's app rU% :11 ullleh ,hall not be
<br />unreasonably withheld
<br />All tnsurance policic% and r"Acwals %hall he accep(abic to Lcnder rnd ,hall Include a stitricdard mortgage clau%c
<br />Lender shall ha%c the right I hold the p)!;;:w%and renewals If t_cnder rNuiAes, Borrower ,hall promptly gnc to Lender
<br />at reccipt%Of paid premt urns and ter 'lewa1 IlOtILM. ltd the t'%Cni of ln%s. I34 irrow c \ItaII g'I%c pro impt notice I the Insu rallie
<br />carrier and Leader. Lcnder may slake proof of !t »s if not made promptly by Bir row er.
<br />U tries% Ixtider and Borni*er tit he rw Me agree 111 A nIing, Insu ranee pi, icctds s hit II be applied IL, rcStora t lot a)r re pit Ii
<br />of the Property damaged, if Itie recur at tall or repair is econonitca l i% Ieasib lc arid Lcnder'% cc tit% is 11 or le%%r held I IIIC
<br />restoration or repair Is not economically feasible ar Lender's %munp wciuid be lessened. the Insurance proceeds %hall be
<br />applied to the %um% secured by this Security Instrument, whether or not then due• with any excc%s paid it, Borrower If
<br />Borrower abandons the Prcrpen%, of Hors !,(it answer within +0 days a nonce from I ender that (he unurance carrier has
<br />oliered to settle a claim, then Lender may collect the insurance pt —ceds lender may u%c the proceed, t- repair or restore
<br />the Property or to pay stns seCtAl"I b% tht% ticcurity Instrument. whether or nut then due I'hc to -d,+y period will begin
<br />-a hen the notice I% given
<br />L ntesS I -ender and BorTI,weT oihcrwl,c agrec All writtlig, dll% apphcatlon of pr,> eed, II, pT1nl:lp\ti shall not e%rend of
<br />postpone the due date of the motithly payment% icterrrd Tom paragraph% 1 and _' or change the amount of Itrc pit) mint% If
<br />under paragraph iQ the PToperI% 1% acquired by Lender. Borrower's nght to any insurance pokcres and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums wcured by this Sccllrns
<br />Instrument +rnrncdiately prn,r u, the acquisition
<br />6. Preservation and Maintenance of Property. l.casehold%.
<br />change the Prt.pert%, allow the PropvTty to deteriorate or cilinlnll waste 11 Ihi, 4-111ri1% Iti%rrulncnt 1, .,n ., iaasahoi,f.
<br />Borrower shall ci,mplir wtih the pro, ntl,ii%tit the lease. and if Horr„wcr acqulres Ice title !o the Pfol,crr%. 111c• lell%chold and
<br />fee title shall not merge unless Lender agrees io the merger ul w nturg
<br />7. Piroteetion of FxoderN Rights in the Property: Murtitaatte insurance. li Ho,rnlwcl da+i% Iu l.erfornl tilt
<br />aivcnanls and ago- emcnrs comamed m thn Sct:unty Ir, %lenient. or Ihrte 1%.t legal I`r'Kea'tdlll,l` that rosy ant l. alit- r
<br />L. ender'% rights to the ProTerh (such a% a proceeding in hdnkrupt:y, probmv I.,I ,nndrnniar,on ,,r •rill ,rcc law% or
<br />r'epulatiensl. then I _r-Jet rna% doand pay for whate %ct is nrt:cs%an to pn,te" t lily %allure .II Ill,- Pr„l cl t •, .Ina! i cndrr', nl:hl•.
<br />in the Property Lender'% actions may include paying any sums %C:ured t,% a hill %%mil, h 11,1, pri,,rin %, i till, sccurlr%
<br />InTVtrunrem, apprurutg to court. pa }inn rca%e,nabic eth,tns)% tcc, And rnt,•rn,g "n the I r t!% t, slake Iv i"111, V h , gh
<br />l,cndrr relay take action unxlrT rllt% psirngr soli ' [ ender tiou% not hi'%c t„ dl s<,
<br />Any arrxnlnr %dnt•orscd s% i ender unkset thus paragraph " %hall hr,owv .idditTOnad dc"t :'! lion %%r, ,ca Nicol h,
<br />%ft,urets lm%irnmrnt t nfcs, }k,rn,wrr and 1 Cndrl akr1C T" Mhtr ,,.^1, ,! I,a%rTlcn, 'tk"I .+ro,, "I"''I .,ii hear "11' 1"' ', n
<br />The ¢Jain of dr�hui%elnrni At tit. lie 'till 11`,Tll } h;n at`i, a,I`, ,r�l _., ,•, I ,,ir ft,. ,%r
<br />'equc4ting Palk rri. "w
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